Updated the:
09/07/2012
USD/JPY : Possible trend reversal

Sentiment :
"sentiment
78.66
"sentiment
78.66
"sentiment

--- New analysis ---
Following the ECB press release, the pair USD/JPY has started yesterday a bullish rally who put in danger the bearish trend of last weeks. The breakout of 78.80 gave us a buy signal.

We continue to advise long positions as far as 78.66 is support. The movement should pursuit towards the major resistance at 79.16. Only the breakout of this level will confirm the trend reversal.

In case of return below 78.66, we could trade again short positions. This level is our key point.

Analysis published by Bruno, the 09/07/2012 at 8h40 GMT+2

Complete sheet of the pair USD/JPY - Previous USD/JPY Analysis
Chart of the pair USD/JPY - Timeframe 4H
"USD/JPY
 
Chart of the pair USD/JPY - Timeframe 1H
"USD/JPY
USD/JPY Live Chart - Timeframe : 4h
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